Word: whelpley
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...that times are bad!" Last week Chile's "Lion" made clear that this ultimatum stands. From a practical standpoint it has dominated for the past few months relations between such super-corporations as the Guggenheim nitrate colossus Cosach and the Chilean Government. Speaking off the record, Cosach President Whelpley is understood to have said recently: "If it were not for public considerations we should close down all our plants and wait for nitrate prices to rise." Instead Cosach is operating its least efficient plants, thus giving employment to the most Chileans possible per ton of nitrate produced...
...closed down last week. This plant, owned by the U. S. Guggenheims, has a capacity of 700,000 tons of nitrate yearly and is controlled by Cosach, the Chilean nitrate monopoly in which the Government and the Guggenheims are major stockholders. Tersely Cosach's President Medley Gordon Brittain Whelpley called the closing down of Pedro de Valdivia "a constructive move to divide production evenly among the other plants." In Santiago stocky, blue-eyed, part-Italian President-Elect Allesandri said: "I propose to obtain a law that will name a special liquidating commission which will liquidate the assets and liabilities...
...Morgan & Co., the Rothschilds and Baring Bros. Twelve million dollars more came from National City Bank of New York and Central Hanover Bank & Trust Co.; $4,500,000 more from Bankers Trust Co. and Guaranty Trust Co. Solomon R. Guggenheim and his able new partner Medley G. B. Whelpley, president of American Express Bank & Trust Co. until its dissolution last month, were to sail for Chile this week to confer with government officials on changes in Co-sach's corporate structure...
...valued last year at $30,000,000) for $3.000,000 cash, $4,800,000 in preferred stock, $300,000 towards paying receivership expenses. Last week the Winchester reorganization committee consisting of Earle Bailie, president of Tri-Continental Corp. and partner of J. & W. Seligman & Co., and Medley G. B. Whelpley, president of American Express Bank & Trust Co., approved the offer. The plan then awaited the approval of the Federal receiver. When the deal is completed owners of Winchester first mortgage bonds will receive $50 cash and $28 par value Western Cartridge preferred stock for each $100 bond, while holders...
...stockmarket in 1929. To his offices at No. 36 Wall Street, George Ohrstrom called help one night last week. There came : Richard Carley Hunt, utility-experienced member of the legal firm of Chadbourne, Hunt, Jaeckel & Brown; William Buchsbaum, utility executive and sportsman; and young, heavy-set Medley G. B. Whelpley, president of American Express Bank & Trust Co. As a reorganization committee (Mr. Hunt, chairman), they hoped to have an announcement to make by the middle of September, hoped the properties might continue to operate intact. The United States District Court of Delaware ap pointed former U. S. Judge Hugh Martin...